Office-Warehouse Flex
620 Reliability Cir, Knoxville, TN 37932
For Sale
New
$1,500,000
Office and warehouse areas share one building, with a dock-high door serving the warehouse portion.
Property Size6,550 SF
Price / SF$229.01
Days on Market2
Property Features for 620 Reliability Cir
General Information
Standard status
Size
Class
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SVN I Wood Properties
Listed By:
Taylor Thompson · License TN #377968
(423) 440-9450
Source:
Svnwood
Added: Nov 12
Last Checked: Nov 12 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN I Wood Properties
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Investment Insights
Based on property information with market context.
Built in 1991, this 6,550 SF flex property combines 5,450 SF of office area with 1,100 SF of warehouse space. The office layout includes window offices, while the warehouse has one dock-high loading door. Surface parking is available on site. Two entrances provide the basis for a potential conversion to separate suites, in addition to the existing combined office and warehouse configuration.
The property is zoned CB (Business and Manufacturing) with a Technology Overlay (TO). It is in the Pellissippi Parkway/Hardin Valley business corridor, minutes from I-40.
The property is zoned CB (Business and Manufacturing) with a Technology Overlay (TO). It is in the Pellissippi Parkway/Hardin Valley business corridor, minutes from I-40.
Key Highlights
- 6,550 SF building with 5,450 SF of office space and 1,100 SF of warehouse space
- One dock‑high loading door
- Two entrances allow for potential conversion to separate suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,657
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,140
$1.7M
Cap Rate 7%
$1,237,957
$1.2M
Cap Rate 9%
$962,856
$962.9K
Market Conditions
NOI Build-Up for 6,550 SF
Gross rent
$137.6K $21.00/SF
− Vacancy
−$22.0K −$3.36/SF
EGI
$115.5K $17.64/SF
− OpEx
−$28.9K −$4.41/SF
NOI
$86.7K $13.23/SF
Area
Knoxville, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,140
Cap Rate 7%
$1,237,957
Cap Rate 9%
$962,856
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,657 @ 7.0% cap · market cap 5.78%
Second Best
Flex RnD
$814.5K
$712.7K – $950.3K
NOI $57,016 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,561 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37932, TN
21,726
Population
9,141
Households
2.4
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
749
Density / Sq Mi
$109,900
Median Household Income
$61,936
Median Earnings
$1,516
Median Rent
$431,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas share one building, with a dock-high door serving the warehouse portion.
Where is this flex space located?
The property is located at 620 Reliability Cir Knoxville, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,550 SF building with 5,450 SF of office space and 1,100 SF of warehouse space; One dock‑high loading door; Two entrances allow for potential conversion to separate suites
